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Best stock trading apps in Canada

Find the best stock trading app in Canada by comparing all your options.

There are many things to consider when choosing the best stock trading app to buy and sell stocks and other securities. We compared fees, features and technology to help you find the best stock trading app in Canada. Whether you are looking for the best stock trading app for beginners, or you are an advanced trader, check out the list of the best stock trading apps below.

The best stock trading apps in Canada

PlatformBest ForSignup Bonus
WealthsimpleCommission-free tradesGet $25 when you open a Wealthsimple account and fund at least $150.Go to Wealthsimple
Interactive BrokersTrading international stocksNoneGo to Interactive Brokers
CIBC Investor's EdgeBeginnersYoung investors 18 to 24 can get free online trades and a $0 annual account fee (conditions apply)Go to CIBC Investor's Edge
QuestradeApp and user interfaceGet $50 in free trades when you fund your account with a minimum of $1,000.Go to Questrade
Qtrade Direct InvestingMobile trading experienceGet almost $500 in commission free trades when you fund your new account with a minimum of $10,000. Conditions apply. Ends October 31, 2022. Plus, top up your transfer to $15,000 and Qtrade will cover the transfer fee up to $150.Go to Qtrade Direct Investing
Scotia iTRADETrading commodity stocksNoneRead review
BMO InvestorLineBig bank platformNoneRead review
MogoTradeESG investorsEnjoy commission-free trades and free real-time streaming quotes.Read review
TD Easy TradeLow-cost tradingNoneRead review

More about the best stock trading apps in Canada

Best stock trading app for commission-free trades

Wealthsimple

Get $25 when you open a Wealthsimple account and fund at least $150.

Finder rating: 3.9 / 5 ★★★★★

  • Go with this platform if you want to trade stocks without any commission fees.
  • Look elsewhere if you want to use leverage to trade or you want to trade more complex securities like options.

Best stock trading app for trading international stocks

Interactive Brokers

Finder rating: 4.1 / 5 ★★★★★

  • Go with this platform if you are an experienced investor who wants low commission on FX, reams of information and fancy analytical tools to help you trade.
  • Look elsewhere if you are a new investor.

Best stock trading app for beginner traders

CIBC Investor's Edge

Young investors 18 to 24 can get free online trades and a $0 annual account fee (conditions apply)

Finder rating: 4 / 5 ★★★★★

  • Go with this platform if you are a beginner who wants the comfort of a well-established financial brand.
  • Look elsewhere if you want low fees.

Best stock trading app for quality app user-interface

Questrade

Get $50 in free trades when you fund your account with a minimum of $1,000.

Finder rating: 4.2 / 5 ★★★★★

  • Go with this platform if you want low fees and the ability to trade a variety of securities through a highly-rated mobile app.
  • Look elsewhere if you want low fees but you aren't ready to start buying anything other than stocks and ETFs.

Best stock trading app for a well-rounded mobile trading experience

Qtrade Direct Investing

Get almost $500 in commission free trades when you fund your new account with a minimum of $10,000. Conditions apply. Ends October 31, 2022. Plus, top up your transfer to $15,000 and Qtrade will cover the transfer fee up to $150.

Finder rating: 4.1 / 5 ★★★★★

  • Go with this platform if you want competitive commissions and access to educational tools and online tutorials.
  • Look elsewhere if you aren't planning to have a minimum of $25,000 in your account or fund it regularly (since you will incur a quarterly fee).

Best stock trading app for trading commodity stocks

Scotia iTRADE

Finder rating: 3.8 / 5 ★★★★★

  • Go with this platform if you want to be able to trade a variety of assets and are less concerned about trading commissions.
  • Look elsewhere if you want a quality mobile experience.

Best stock trading app from a big bank

BMO InvestorLine

Get up to $2,000 cash back when you open your account. Valid until October 31, 2022.

Finder rating: 3.9 / 5 ★★★★★

  • Go with this platform if you want to take advantage of a cash-back welcome offer.
  • Look elsewhere if you have less than $15,000 to trade with and don't want to pay an annual fee to maintain your account.

Best stock trading app for ESG investors

MogoTrade

Enjoy commission-free trades and free real-time streaming quotes.

Finder rating: 3.9 / 5 ★★★★★

  • Go with this platform if you want an environmentally-friendly way to invest for free with real time streaming data.
  • Look elsewhere if you want to trade on a margin or access more complex securities like options and futures.

Best stock trading app for low-cost trading

TD Easy Trade

Finder rating: 3.8 / 5 ★★★★★

  • Go with this platform if you want commission-free trades (and you're making less than 50 trades per year), as well as free learning resources.
  • Look elsewhere if you're a seasoned investor and want to work on a more advanced trading platform, or you want unlimited free trades.

How we chose the best stock trading apps

We’ve chosen the apps on this page based on an independent set of criteria. None of these picks are sponsored – we also take into account providers that we aren’t partnered with – so that our selections are chosen without bias.
We take these factors into account when choosing our top picks:

  • Mobile app ranking across app stores.
  • Fees and commissions.
  • Types of securities available.
  • Types of trades supported.
  • Additional notable features offered such as research tools, educational resources, practice accounts, etc.

No single stock trading app will be the best choice for everyone, so compare your options before picking an online brokerage.

How to find the best stock trading app for you

Before signing up for a stock trading app, consider these factors:

  • Fees. Beyond commissions per trade, look into account minimums, transfer fees and varying costs to trade more complex securities.
  • Available securities. Some platforms offer a wide range of securities, while others specialize in only one or two.
  • Account minimums. Some providers require a minimum amount to be in your trading account and charge you if you don’t have the minimum balance.
  • Research tools. Beginners may want an app with educational resources, while active traders will need robust analytics tools.
  • Mobile support. Apps typically aren’t as robust as some desktop versions of the same platform. (Note: Not all apps also offer a corresponding desktop trading platform.) Check feedback in Google Play and the App Store.
  • Customer feedback. Explore customer feedback in places like the Better Business Bureau and Reddit to find out what investors really think about the platform.
  • Security. All of our picks for the best trading app are regulated by IIROC and CIPF, meaning if they go under your money will be protected up to specified amounts. Some providers also offer 2-factor authentication and high-level encryption of data to keep your account safe.

Best stock trading apps if you want to trade with an online brokerage

Best stock trading apps if you want to trade with a traditional financial institution

Bottom line

The best stock trading app depends on what kind of investor you are. Be sure to compare fees. But also look at what other resources and features an app offers and how its cost structure matches up with your own trading needs. You can also read more about the best online trading platforms in our guide.

Frequently asked questions about stock trading apps

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